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News Article

PermaCity Joins Panasonic and Coronal Alliance to Accelerate Solar PV Projects

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Panasonic Eco Solutions North America (Panasonic) and Coronal Management, LLC (Coronal), has announced that PermaCity Solar, located in Los Angeles, is the first charter member to join a new solar power project Alliance Program launched by the two companies.

PermaCity is a full-service solar energy company that works with customers to provide customized solutions from development and design to construction to on going maintenance and monitoring for solar systems. By joining the Alliance Program, PermaCity and future program members will have access to an integrated platform that aims to accelerate the sales and implementation process for solar PV systems.

"Panasonic and Coronal provide the first comprehensive end-to-end solution for solar photovoltaic (PV) projects between 250 kW and 20 MW to the underserved commercial, industrial, municipal and small utility scale markets," said Jamie Evans, Managing Director of Panasonic's U.S. solar platform. "Our new Alliance Program supports developers and EPC providers with a stable project implementation and financing platform in conjunction with Panasonic and Coronal."

The Alliance Program offers benefits to participating members. Program members will enjoy additional credibility, reliability as well as marketing and brand resources as part of the Panasonic/Coronal platform. Also included is a financing platform to eliminate the time and frustration of searching for multiple sources of capital. Panasonic and Coronal provide a proven model for projects, streamlining the process to reduce inefficiency, eliminate redundancy and provide more velocity to project development and implementation.

"The Alliance Program provides a perfect vehicle for expanding our business and offers our customers a superior solution that will deliver benefits for decades to come," said Jonathan Port, PermaCity's CEO. "Finding financing for projects has been challenging.

Having our projects developed, built, financed and maintained by a global brand leader of Panasonic's reputation with their partner, Coronal Management, is a true game changer."

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